Hive Blockchain Has Purchased Over 10,000 Bitcoin Miners This Year

Hive Blockchain Has Purchased Over 10,000 Bitcoin Miners This Year
фото показано с : bitcoinmagazine.com

2021-8-5 15:42

Public Canadian mining firm HIVE Blockchain has announced an order of 4,000 Bitcoin mining machines.

The global Bitcoin mining arms race showed no signs of slowing down Tuesday, with public Canadian mining firm HIVE Blockchain announcing a recent order of 4,000 mining machines.

Revealed in a press release by mining chip manufacturer Canaan, the order adds to the 6,400 Bitcoin miners HIVE purchased from the company earlier this year.

According to data from HIVE, the combined operating aggregate hash power of the company will be about 850 Petahash per second when the new machines are deployed.

According to the order terms, Canaan will deliver 2,000 of the machines this month, and the other 2,000 in September, meaning this hash power will likely be deployed on the network soon.

Still, such orders are becoming more and more commonplace. Yesterday Marathon Digital Holdings, one of the largest bitcoin mining companies in North America, announced it will purchase 30,000 additional miners for $120 million.

One week ago, LUXXFOLIO Holdings announced that they too were actively mining bitcoin.

The large mining machine order from Canaan even comes just a month after the tech hardware manufacturer announced it would begin mining Bitcoin itself.

Indeed, Chairman and CEO of Canaan Nangeng Zhang commented that the company, which is publicly traded in the U.S. is seeking to work with clients to “capitalize on the enormous opportunities” in what he called a “fast-growing” industry.

Since China moved to crackdown on domestic Bitcoin mining, more Western companies are showing interest in competing for Bitcoin’s lucrative mining rewards. According to data from The Block, Bitcoin miners earned nearly $1 billion in revenue this July from activities. 

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67781.11 (+0.09%)
Объем 24H $35.088b
Изменеия 24h: -2.34 %, 7d: -4.70 %
Cегодня L: $67037.9 - H: $68531.34
Капитализация $1336.081b Rank 1
Цена в час новости $ 39799.3 (70.31%)

bitcoin mining hive blockchain firm announced order

bitcoin mining → Результатов: 126


Is Bitcoin Mining ‘Dangerously Centralised’? What New Research Shows

Recent findings from BitMEX Research have reignited concerns about the centralization of Bitcoin mining. Their study, which cites insights from Bitcoin analyst Alex Bergeron, points out that a single entity now controls the Coinbase outputs for approximately 47% of the network hashrate—a significant concentration that suggests a shift toward oligopolistic tendencies within the Bitcoin mining […]

2024-4-30 12:00


Фото:

The future of Bitcoin mining post-halving, according to GoMining

The phenomenon of the Bitcoin halving is a cornerstone event in the crypto world, fundamentally altering the economic landscape for miners and investors alike. Occurring approximately every four years, this event reduces the reward for mining new Bitcoin blocks by half, a mechanism designed to control the supply of Bitcoin and mimic the scarcity-driven value […] The post The future of Bitcoin mining post-halving, according to GoMining appeared first on CryptoSlate.

2024-3-26 17:30


From Missouri to Texas: Southern US Becomes Bitcoin Mining Hotspot

Missouri is gunning to become a hub for Bitcoin mining, thanks to a new bill by State Rep. Phil Christofanelli. This legislation, aiming to integrate cryptocurrency miners into the energy economy, joins CleanSpark's expansion in Mississippi and Riot's massive investment in Texas, signaling a significant shift in the Southern US towards embracing digital asset ventures.

2024-2-9 14:00


Bitcoin Community Accuses BBC Of Sensationalism In Controversial Mining Article

A recent article published by the BBC has sparked a heated debate among cryptocurrency enthusiasts and critics regarding the environmental impact of Bitcoin (BTC) mining.   The piece, titled “Every Bitcoin payment ‘uses a swimming pool of water,’” raised concerns about the water consumption associated with the mining process.

2023-12-2 03:00


Bitcoin Mining Potential Highlighted In Top Science Journal

A new peer-reviewed research paper has emerged, shedding light on the potential symbiosis between Bitcoin mining and renewable energy initiatives. Dennis Porter, CEO and co-founder of Satoshi Act Fund, a non-profit educational organization dedicated to informing policymakers and regulators about Bitcoin mining’s benefits, and president of Satoshi Educate, shared his insights via X, underscoring the […]

2023-11-9 22:00


Bitcoin Mining Hashrate Sets New All-Time High, Difficulty Up 5.5% In Response

Data shows the Bitcoin mining hashrate has set a new all-time high recently, forcing the network to up its difficulty by about 5.5%. Bitcoin Mining Hashrate Has Observed A Strong Surge Recently The “mining hashrate” refers to the total amount of computing power that the Bitcoin miners have connected to the network. This value can […]

2023-9-20 20:00